Despite a lot speculation over the course of the past couple of years, the rumored introduction by Apple of its "iTV" may remain that, just a rumor, a least for the next year so.
The main reason isn't that Apple couldn't make an advanced Smart TV with all their distinct bells-and-whistles, it is just with the likes of Sony, Panasonic, and others losing a lot of money in their TV divisions, and LG and Samsung poised to bring large screen OLED TVs to market, the competitive environment isn't so good right now for a new player, especially a high-end one, to enter such a crowded field, no matter how cutting edge the product might be.
For additional details and perspective, read the report from CNET. Definitely stay tuned for more on this continuing story, as Apple does has a tendency to surprise us.
Update 5/11/12: Foxconn Gearing Up to Manufacture Apple's iTV (CNET)
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